Two trades to watch: Gold, S&P500
Fiona Cincotta March 5, 2021 7:15 AM
Fed Powell expressed little or no concern over the rise in bond yields giving the green light for a further spike in yields. Gold looks vulnerable under $1700, S&P 500 falls through key support.
Gold looks vulnerable below $1700
Any recovery will need to break above 3820 which looks to be a strong nut to crack.
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